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Est. payment | /mo
3 Beds
3 Baths
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Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Strathcona
MLS Listing ID X13827776
Style 2-Storey
Bedrooms 3
Annual Tax Amount $6,586
Tax Year 2026
Property Sub-Type Multiplex
Property Description
Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,300, Unit 2: $1,900, and Unit 3: $1,750. With a gross annual income of $71,400 and an impressive cap rate of 5.95%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Ideally situated in Hamilton's desirable Strathcona neighbourhood, this property is conveniently located near restaurants, cafés, shopping, parks, and everyday amenities, with Dundurn Park, Locke Street, downtown Hamilton just minutes away, and Burlington Bay all within easy reach. Enjoy easy access to public transit and West Harbour GO Station, offering hourly GO train service with connections to Toronto and destinations along the Lakeshore West corridor. A fantastic location combining urban convenience, recreation, and commuter accessibility. Don't miss out on this exceptional investment opportunity!
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Main Level Bedrooms 1
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Carpet Free, Other, Separate Hydro Meter
Cooling Central Air
Exterior
Parking Features Private Double
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 109.0
Total Parking Spaces 10
Building
Building Age 51-99
Foundation Concrete
Others
Senior Community Yes
ParcelsYN No
Listed by RE/MAX ABOUTOWNE REALTY CORP.
Nearby Locations